OPT shareholders approve share increase to 300M; ships WAM-V for Indo-Pacific and Merrows PowerBuoy

Ocean Power Technologies, Inc.

Shareholders approved increase in authorized common shares from 200M to 300M; 48.1M for, 23.9M against, 1.3M abstain.
Shipped a WAM-V 22' autonomous vessel for Indo-Pacific operations after a successful 3-day continuous survey demo.
Shipped a Merrows PowerBuoy for defense/security applications under a teaming agreement with a major international defense contractor.

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